Intrinsic value of Good Times Restaurants - GTIM

Previous Close

$2.50

  Intrinsic Value

$0.42

stock screener

  Rating & Target

str. sell

-83%

Previous close

$2.50

 
Intrinsic value

$0.42

 
Up/down potential

-83%

 
Rating

str. sell

We calculate the intrinsic value of GTIM stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 2016), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 0.0

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
2016(a)
   2017
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  45.45
  45.50
  41.45
  37.81
  34.52
  31.57
  28.91
  26.52
  24.37
  22.43
  20.69
  19.12
  17.71
  16.44
  15.29
  14.27
  13.34
  12.50
  11.75
  11.08
  10.47
  9.92
  9.43
  8.99
  8.59
  8.23
  7.91
  7.62
  7.36
  7.12
  6.91
Revenue, $m
  64
  93
  132
  182
  244
  321
  414
  524
  652
  798
  963
  1,147
  1,350
  1,572
  1,813
  2,071
  2,348
  2,641
  2,952
  3,279
  3,622
  3,982
  4,357
  4,749
  5,157
  5,581
  6,022
  6,481
  6,958
  7,453
  7,968
Variable operating expenses, $m
 
  92
  130
  179
  240
  315
  406
  513
  638
  781
  942
  1,120
  1,319
  1,535
  1,770
  2,023
  2,293
  2,579
  2,883
  3,202
  3,537
  3,888
  4,255
  4,637
  5,036
  5,450
  5,881
  6,329
  6,795
  7,278
  7,781
Fixed operating expenses, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total operating expenses, $m
  65
  92
  130
  179
  240
  315
  406
  513
  638
  781
  942
  1,120
  1,319
  1,535
  1,770
  2,023
  2,293
  2,579
  2,883
  3,202
  3,537
  3,888
  4,255
  4,637
  5,036
  5,450
  5,881
  6,329
  6,795
  7,278
  7,781
Operating income, $m
  0
  1
  2
  3
  4
  6
  8
  11
  14
  17
  21
  27
  32
  37
  42
  49
  55
  62
  69
  77
  85
  93
  102
  111
  121
  131
  141
  152
  163
  175
  187
EBITDA, $m
  2
  4
  5
  8
  10
  13
  17
  22
  27
  33
  40
  48
  56
  65
  75
  86
  97
  109
  122
  136
  150
  165
  180
  197
  214
  231
  249
  268
  288
  309
  330
Interest expense (income), $m
  0
  0
  0
  0
  1
  1
  2
  2
  3
  4
  4
  5
  7
  8
  9
  11
  12
  14
  15
  17
  19
  21
  24
  26
  28
  31
  33
  36
  39
  41
  44
Earnings before tax, $m
  0
  1
  1
  2
  4
  5
  7
  9
  11
  14
  17
  21
  25
  29
  33
  38
  43
  48
  54
  59
  66
  72
  79
  86
  93
  100
  108
  116
  125
  133
  142
Tax expense, $m
  0
  0
  0
  1
  1
  1
  2
  2
  3
  4
  4
  6
  7
  8
  9
  10
  12
  13
  14
  16
  18
  19
  21
  23
  25
  27
  29
  31
  34
  36
  38
Net income, $m
  -1
  0
  1
  2
  3
  4
  5
  6
  8
  10
  12
  16
  18
  21
  24
  28
  31
  35
  39
  43
  48
  53
  57
  62
  68
  73
  79
  85
  91
  97
  104

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  6
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  47
  60
  84
  116
  156
  206
  265
  336
  418
  511
  617
  735
  865
  1,007
  1,161
  1,327
  1,504
  1,692
  1,891
  2,100
  2,320
  2,551
  2,791
  3,042
  3,303
  3,575
  3,858
  4,152
  4,457
  4,774
  5,104
Adjusted assets (=assets-cash), $m
  41
  60
  84
  116
  156
  206
  265
  336
  418
  511
  617
  735
  865
  1,007
  1,161
  1,327
  1,504
  1,692
  1,891
  2,100
  2,320
  2,551
  2,791
  3,042
  3,303
  3,575
  3,858
  4,152
  4,457
  4,774
  5,104
Revenue / Adjusted assets
  1.561
  1.550
  1.571
  1.569
  1.564
  1.558
  1.562
  1.560
  1.560
  1.562
  1.561
  1.561
  1.561
  1.561
  1.562
  1.561
  1.561
  1.561
  1.561
  1.561
  1.561
  1.561
  1.561
  1.561
  1.561
  1.561
  1.561
  1.561
  1.561
  1.561
  1.561
Average production assets, $m
  21
  30
  42
  58
  78
  103
  133
  168
  209
  255
  308
  367
  432
  503
  580
  663
  751
  845
  945
  1,049
  1,159
  1,274
  1,394
  1,520
  1,650
  1,786
  1,927
  2,074
  2,226
  2,385
  2,550
Working capital, $m
  3
  -4
  -6
  -9
  -11
  -15
  -19
  -25
  -31
  -38
  -45
  -54
  -63
  -74
  -85
  -97
  -110
  -124
  -139
  -154
  -170
  -187
  -205
  -223
  -242
  -262
  -283
  -305
  -327
  -350
  -374
Total debt, $m
  0
  5
  12
  20
  31
  44
  60
  79
  101
  126
  154
  186
  221
  259
  300
  345
  392
  442
  496
  552
  611
  673
  737
  804
  874
  947
  1,023
  1,102
  1,184
  1,269
  1,357
Total liabilities, $m
  11
  16
  23
  31
  42
  55
  71
  90
  112
  137
  165
  197
  232
  270
  311
  356
  403
  453
  507
  563
  622
  684
  748
  815
  885
  958
  1,034
  1,113
  1,195
  1,280
  1,368
Total equity, $m
  36
  44
  62
  85
  115
  151
  194
  246
  306
  374
  452
  538
  633
  737
  850
  971
  1,101
  1,239
  1,384
  1,538
  1,698
  1,867
  2,043
  2,227
  2,418
  2,617
  2,824
  3,039
  3,263
  3,495
  3,736
Total liabilities and equity, $m
  47
  60
  85
  116
  157
  206
  265
  336
  418
  511
  617
  735
  865
  1,007
  1,161
  1,327
  1,504
  1,692
  1,891
  2,101
  2,320
  2,551
  2,791
  3,042
  3,303
  3,575
  3,858
  4,152
  4,458
  4,775
  5,104
Debt-to-equity ratio
  0.000
  0.110
  0.190
  0.240
  0.270
  0.290
  0.310
  0.320
  0.330
  0.340
  0.340
  0.350
  0.350
  0.350
  0.350
  0.350
  0.360
  0.360
  0.360
  0.360
  0.360
  0.360
  0.360
  0.360
  0.360
  0.360
  0.360
  0.360
  0.360
  0.360
  0.360
Adjusted equity ratio
  0.732
  0.732
  0.732
  0.732
  0.732
  0.732
  0.732
  0.732
  0.732
  0.732
  0.732
  0.732
  0.732
  0.732
  0.732
  0.732
  0.732
  0.732
  0.732
  0.732
  0.732
  0.732
  0.732
  0.732
  0.732
  0.732
  0.732
  0.732
  0.732
  0.732
  0.732

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  -1
  0
  1
  2
  3
  4
  5
  6
  8
  10
  12
  16
  18
  21
  24
  28
  31
  35
  39
  43
  48
  53
  57
  62
  68
  73
  79
  85
  91
  97
  104
Depreciation, amort., depletion, $m
  2
  3
  4
  5
  6
  7
  9
  11
  13
  16
  19
  21
  24
  28
  33
  37
  42
  47
  53
  59
  65
  72
  78
  85
  93
  100
  108
  117
  125
  134
  143
Funds from operations, $m
  8
  4
  5
  6
  8
  11
  14
  17
  21
  26
  31
  36
  43
  50
  57
  65
  74
  83
  92
  102
  113
  124
  136
  148
  160
  173
  187
  201
  216
  231
  247
Change in working capital, $m
  3
  -1
  -2
  -2
  -3
  -4
  -4
  -5
  -6
  -7
  -8
  -9
  -10
  -10
  -11
  -12
  -13
  -14
  -15
  -15
  -16
  -17
  -18
  -18
  -19
  -20
  -21
  -22
  -22
  -23
  -24
Cash from operations, $m
  5
  5
  7
  9
  11
  15
  18
  22
  27
  33
  39
  45
  52
  60
  68
  77
  87
  96
  107
  118
  129
  141
  153
  166
  180
  193
  208
  223
  238
  255
  271
Maintenance CAPEX, $m
  0
  -1
  -2
  -2
  -3
  -4
  -6
  -7
  -9
  -12
  -14
  -17
  -21
  -24
  -28
  -33
  -37
  -42
  -47
  -53
  -59
  -65
  -72
  -78
  -85
  -93
  -100
  -108
  -117
  -125
  -134
New CAPEX, $m
  -9
  -9
  -12
  -16
  -20
  -25
  -30
  -35
  -41
  -47
  -53
  -59
  -65
  -71
  -77
  -83
  -88
  -94
  -99
  -105
  -110
  -115
  -120
  -125
  -131
  -136
  -141
  -147
  -153
  -159
  -165
Cash from investing activities, $m
  -8
  -10
  -14
  -18
  -23
  -29
  -36
  -42
  -50
  -59
  -67
  -76
  -86
  -95
  -105
  -116
  -125
  -136
  -146
  -158
  -169
  -180
  -192
  -203
  -216
  -229
  -241
  -255
  -270
  -284
  -299
Free cash flow, $m
  -3
  -5
  -7
  -9
  -12
  -15
  -17
  -20
  -23
  -26
  -28
  -31
  -33
  -35
  -37
  -38
  -39
  -40
  -40
  -40
  -40
  -39
  -38
  -37
  -36
  -35
  -34
  -32
  -31
  -29
  -27
Issuance/(repayment) of debt, $m
  -4
  5
  7
  9
  11
  13
  16
  19
  22
  25
  28
  32
  35
  38
  41
  44
  47
  50
  53
  56
  59
  62
  64
  67
  70
  73
  76
  79
  82
  85
  88
Issuance/(repurchase) of shares, $m
  0
  13
  17
  22
  27
  33
  39
  45
  52
  59
  65
  71
  77
  83
  88
  93
  98
  102
  106
  110
  113
  116
  119
  121
  124
  126
  128
  130
  133
  135
  138
Cash from financing (excl. dividends), $m  
  -4
  18
  24
  31
  38
  46
  55
  64
  74
  84
  93
  103
  112
  121
  129
  137
  145
  152
  159
  166
  172
  178
  183
  188
  194
  199
  204
  209
  215
  220
  226
Total cash flow (excl. dividends), $m
  -7
  13
  16
  21
  26
  31
  37
  44
  51
  58
  65
  71
  78
  86
  93
  100
  107
  113
  120
  126
  132
  139
  145
  151
  157
  164
  170
  177
  184
  191
  199
Retained Cash Flow (-), $m
  1
  -14
  -18
  -23
  -29
  -36
  -44
  -52
  -60
  -69
  -77
  -86
  -95
  -104
  -113
  -121
  -130
  -138
  -146
  -153
  -161
  -169
  -176
  -184
  -191
  -199
  -207
  -215
  -224
  -232
  -241
Prev. year cash balance distribution, $m
 
  6
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
 
  5
  -2
  -3
  -4
  -5
  -6
  -8
  -9
  -11
  -12
  -15
  -17
  -18
  -20
  -22
  -23
  -24
  -26
  -27
  -29
  -30
  -31
  -33
  -34
  -35
  -37
  -38
  -40
  -41
  -43
Discount rate, %
 
  4.30
  4.52
  4.74
  4.98
  5.23
  5.49
  5.76
  6.05
  6.35
  6.67
  7.00
  7.35
  7.72
  8.11
  8.51
  8.94
  9.39
  9.86
  10.35
  10.87
  11.41
  11.98
  12.58
  13.21
  13.87
  14.56
  15.29
  16.05
  16.86
  17.70
PV of cash for distribution, $m
 
  5
  -2
  -2
  -3
  -4
  -5
  -5
  -6
  -6
  -6
  -7
  -7
  -7
  -7
  -6
  -6
  -5
  -5
  -4
  -4
  -3
  -3
  -2
  -2
  -1
  -1
  -1
  -1
  0
  0
Current shareholders' claim on cash, %
  100
  66.3
  45.6
  32.4
  23.8
  17.9
  13.8
  10.9
  8.7
  7.1
  5.9
  5.0
  4.3
  3.7
  3.3
  2.9
  2.6
  2.4
  2.1
  2.0
  1.8
  1.7
  1.6
  1.5
  1.4
  1.3
  1.2
  1.2
  1.1
  1.1
  1.0

Good Times Restaurants Inc. operates and franchises Good Times Burgers & Frozen Custard (Good Times) restaurants and Bad Daddy's Burger Bar concept (Bad Daddy's). The Company operates through two segments: Good Times Burgers and Frozen Custard restaurants, and Bad Daddy's Burger Bar restaurants. Good Times is a quick service restaurant concept. The menu of a Good Times restaurant includes hamburgers, cheeseburgers, chicken sandwiches, French fries, onion rings, soft drinks and frozen custard products. Its breakfast menu includes breakfast burritos, orange juice and coffee. Bad Daddy's operates in the burger casual dining sector and is chef driven, full service, full bar concept. Its menu consists of burgers, salads, sandwiches and appetizers. Its bar focuses on local, craft microbrew beers and specialty cocktails. The Company operates through its subsidiaries, Good Times Drive Thru, Inc., BD of Colorado, LLC, Bad Daddy's Franchise Development, LLC and Bad Daddy's International, LLC.

FINANCIAL RATIOS  of  Good Times Restaurants (GTIM)

Valuation Ratios
P/E Ratio -30.7
Price to Sales 0.5
Price to Book 0.9
Price to Tangible Book
Price to Cash Flow 6.1
Price to Free Cash Flow -7.7
Growth Rates
Sales Growth Rate 45.5%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 12.5%
Cap. Spend. - 3 Yr. Gr. Rate 24.6%
Financial Strength
Quick Ratio NaN
Current Ratio 0
LT Debt to Equity 0%
Total Debt to Equity 0%
Interest Coverage 0
Management Effectiveness
Return On Assets -2.1%
Ret/ On Assets - 3 Yr. Avg. -4.2%
Return On Total Capital -2.6%
Ret/ On T. Cap. - 3 Yr. Avg. -5.4%
Return On Equity -2.7%
Return On Equity - 3 Yr. Avg. -5.6%
Asset Turnover 1.3
Profitability Ratios
Gross Margin 21.9%
Gross Margin - 3 Yr. Avg. 25.9%
EBITDA Margin 3.1%
EBITDA Margin - 3 Yr. Avg. 3%
Operating Margin -1.6%
Oper. Margin - 3 Yr. Avg. -0.5%
Pre-Tax Margin 0%
Pre-Tax Margin - 3 Yr. Avg. 0%
Net Profit Margin -1.6%
Net Profit Margin - 3 Yr. Avg. -2.5%
Effective Tax Rate 0%
Eff/ Tax Rate - 3 Yr. Avg. 0%
Payout Ratio 0%

GTIM stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the GTIM stock intrinsic value calculation we used $64 million for the last fiscal year's total revenue generated by Good Times Restaurants. The default revenue input number comes from 2016 income statement of Good Times Restaurants. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our GTIM stock valuation model: a) initial revenue growth rate of 45.5% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 4.3%, whose default value for GTIM is calculated based on our internal credit rating of Good Times Restaurants, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Good Times Restaurants.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of GTIM stock the variable cost ratio is equal to 100%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $0 million in the base year in the intrinsic value calculation for GTIM stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 3.5% for Good Times Restaurants.

Corporate tax rate of 27% is the nominal tax rate for Good Times Restaurants. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the GTIM stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for GTIM are equal to 32%.

Life of production assets of 17.8 years is the average useful life of capital assets used in Good Times Restaurants operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for GTIM is equal to -4.7%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $36 million for Good Times Restaurants - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 12.426 million for Good Times Restaurants is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Good Times Restaurants at the current share price and the inputted number of shares is $0.0 billion.

RELATED COMPANIES Price Int.Val. Rating
RRGB Red Robin Gour 53.05 31.98  str.sell
NDLS Noodles Cl A 4.75 0.12  str.sell
RT Ruby Tuesday 2.41 1.25  sell
EAT Brinker Intern 38.37 3.46  str.sell
JACK Jack in the Bo 103.03 11.15  str.sell
MCD McDonald's 173.25 12.57  str.sell
WEN Wendy's Co 15.28 4.36  str.sell
HOTR Chanticleer Ho 2.10 54.07  str.buy
ARKR ARK Restaurant 25.02 28.77  hold

COMPANY NEWS

▶ Good Times posts larger losses   [Dec-08-17 10:34AM  American City Business Journals]
▶ Good Times Restaurants reports 4Q loss   [Dec-07-17 04:11PM  Associated Press]
▶ In-N-Out Burger is coming to Colorado   [Nov-30-17 03:53PM  American City Business Journals]
▶ 'Disappointed' shareholders target Colorado hamburger chain's board   [Nov-16-17 09:14AM  American City Business Journals]
▶ Weekly CFO Buys Highlights   [Sep-29-17 11:29AM  GuruFocus.com]
▶ Good Times Restaurants Inc. Expands Debt Facility to $12M   [Sep-12-17 10:29AM  Business Wire]
▶ Weekly CFO Buys Highlights   [Sep-07-17 11:19AM  GuruFocus.com]
▶ Good Times reports loss: Colorado wages, Cherry Creek construction blamed   [Aug-11-17 10:35AM  American City Business Journals]
▶ Good Times Restaurants reports 3Q loss   [Aug-10-17 10:00PM  Associated Press]
▶ Good Times Restaurants Reports Q3 Results   [04:05PM  Business Wire]
▶ Red Robin reverses same-store sales tailspin, but sees less profit   [Aug-08-17 07:35PM  American City Business Journals]
▶ Colorado burger chain replaces CFO   [Jul-19-17 03:15PM  American City Business Journals]
▶ Good Times reverses trend, increases same-store sales in 2nd quarter   [Jul-14-17 04:15PM  American City Business Journals]
▶ Good Times Restaurants reports 2Q loss   [May-10-17 04:38PM  Associated Press]
▶ Good Times Restaurants Reports Q2 Results   [04:05PM  Business Wire]
▶ Good Times Restaurants Is Poised to Grow   [Feb-27-17 03:15PM  GuruFocus.com]
▶ Good Times sees opportunity with kids; nixes Arizona expansion   [Feb-13-17 09:35AM  at bizjournals.com]
▶ Good Times sees opportunity with kids; nixes Arizona expansion   [09:35AM  American City Business Journals]
▶ Bad Daddy's Burger Bar finalizing first Atlanta restaurant   [10:35AM  American City Business Journals]
▶ Good Times Restaurants reports 1Q loss   [Feb-09-17 05:31PM  Associated Press]
▶ Good Times Restaurants Reports Q1 Results   [04:05PM  Business Wire]
▶ Good Times prices going up even as same-store sales go down   [Jan-04-17 01:35PM  at bizjournals.com]
▶ Good Times Restaurants Reports Q3 Results   [04:05PM  Business Wire]
▶ Good Times Restaurants Reports Q2 Results   [04:05PM  Business Wire]
Financial statements of GTIM
Valuation of Stocks

The paper VALUATION OF STOCKS: The Quest for Intrinsic Value provides a detailed description of our valuation model and discloses the calculation algorithm.

FREE DOWNLOAD
Follow us on:   twitter   twitter   twitter   twitter

VALUATION THEORY       ASSET ALLOCATION

About X-FIN       Site news       Privacy policy       Terms of use       FAQ

Copyright © X-FIN.com 2005-2017. All rigths reserved.